QCR (NASDAQ:QCRH) Receives Outperform Rating from Keefe, Bruyette & Woods

Key Points

• QCR Holdings (NASDAQ:QCRH) has received an "outperform" rating from Keefe, Bruyette & Woods, with a price target raised to $92.00, suggesting a potential upside of 23.20% from its current price.
• Despite the positive outlook from some analysts, Wall Street Zen downgraded QCR to a "sell," while Piper Sandler and Raymond James set target prices of $88.00 and $78.00 respectively.
• QCR's stock opened at $74.68 and has shown a 12-month price range, with a low of $60.83 and a high of $96.08.
• The company reported quarterly earnings with an EPS of $1.73, exceeding expectations, although revenue fell short of estimates.

QCR (NASDAQ:QCRH - Get Free Report)'s stock had its "outperform" rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $92.00 price objective on the bank's stock, up from their previous price objective of $90.00. Keefe, Bruyette & Woods' target price would indicate a potential upside of 23.20% from the stock's current price.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of QCR from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Piper Sandler dropped their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James Financial set a $78.00 target price on shares of QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th.

QCR Stock Down 0.8%

QCRH stock opened at $74.68 on Friday. QCR has a 12 month low of $60.83 and a 12 month high of $96.08. The firm has a market cap of $1.26 billion, a PE ratio of 11.25 and a beta of 0.80. The firm has a 50 day simple moving average of $69.38 and a 200 day simple moving average of $71.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.98 and a quick ratio of 0.98.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The bank reported $1.73 EPS for the quarter, beating the consensus estimate of $1.63 by $0.10. The business had revenue of $84.20 million during the quarter, compared to the consensus estimate of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.86%. Equities research analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.

Insider Activity at QCR

In other QCR news, CEO Larry J. Helling acquired 1,000 shares of the business's stock in a transaction dated Monday, April 28th. The shares were acquired at an average price of $64.53 per share, with a total value of $64,530.00. Following the completion of the transaction, the chief executive officer directly owned 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of QCR

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC raised its position in QCR by 4.9% during the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after acquiring an additional 164 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in QCR by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock worth $460,000 after acquiring an additional 283 shares in the last quarter. MetLife Investment Management LLC raised its position in QCR by 3.2% during the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock worth $803,000 after acquiring an additional 313 shares in the last quarter. Principal Financial Group Inc. raised its position in QCR by 3.6% during the first quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after acquiring an additional 323 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in QCR by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank's stock worth $752,000 after acquiring an additional 365 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.

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